Visa has announced a grant towards the Africa women impact fund(AWIF), a collaboration between Standard Bank and United Nations Economic Commission for Africa (UNECA). with 55 women who participated in …
EAST AFRICA
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BusinessEastern AfricaTechnology
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The government of Kenya has given assurance that there will be enough maize flour, commonly known as unga, on the shelves in the coming days. Speaking to the press in …
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Banking, Finance & InvestmentEastern AfricaEconomy
NBK Secures Sh1.2bn To Enhance Financing To Public And Private Water Utility Firm
The National Bank of Kenya (NBK) has secured Sh1.2billion from impact investor, Water Equity, to enhance financing to public and private water utility companies and micro, small, and medium-sized enterprises. …
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Tea prices at the weekly Mombasa auction dipped slightly this week amid decreased demand for the commodity. At this week’s auction, a kilo averaged USD2.20(Sh262.13) up from USD2.22(Sh264.51) last week. …
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BusinessEastern AfricaFinance & ServicesFood Production
KRA Pursues probe of Kakuzi in tax evasion allegations
The Kenya Revenue Authority (KRA) has opened investigations against food producer Kakuzi over allegations of paying less tax as a result of cross-border financial deals with its majority shareholder Camellia …
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The purchasing power of Sh1,000 has fallen by nearly half in the past 10 years of President Uhuru Kenyatta’s administration, hitting household budgets hard due to slower growth in wages. …
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Eastern AfricaEconomySafaricomTechnology
Safaricom Set To Revamp Corporate Structure to Spur Expansion
Safaricom Plc, the Kenyan mobile-phone company that counts Vodafone Group Plc as its biggest investor, plans to revamp its corporate structure in the next two years to make it easier to expand …
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The Kenya Association of Manufacturers (KAM) has urged the government to put in place measures that will enable the country to enjoy full benefits from Africa Continental Free Trade Area …
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AgricultureBusinessEastern Africa
Low Rainfall, High Cost Of Farm Inputs Hindering Agriculture Production – CBK
Low rainfall, high cost of fertilizer and seeds, and high fuel prices hindered production in the agricultural sector in July, a new survey has shown. According to the Agriculture Sector …
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Majority of CEOs expect a full resumption of normal operations upon the conclusion of the August 9 elections highlighting declined political uncertainty in the economy. According to the latest Monetary …